Inflation means that each unit of currency will purchase a greater amount of goods and services than they previously could purchase. true or false

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Social Studies

Arjun Krause

30 April, 04:16

Inflation means that each unit of currency will purchase a greater amount of goods and services than they previously could purchase. true or false

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Kaitlyn Curtis · Answer 1

It would be completely false to say that inflation means that each unit of currency will purchase a greater amount of goods and services than they previously could purchase. The correct option among all the options given in the question is the second option. If inflation increases, then the purchasing power of people decreases.